Intact Investment Management Boosted Canadian Nat Res LTD (CNQ) Holding; Restructuring Capital Associates LP Decreased Macys (M) Holding

June 12, 2018 - By Darrin Black

Macy's, Inc. (NYSE:M) Logo

Restructuring Capital Associates Lp decreased Macys Inc (M) stake by 21.68% reported in 2018Q1 SEC filing. Restructuring Capital Associates Lp sold 138,416 shares as Macys Inc (M)’s stock rose 24.34%. The Restructuring Capital Associates Lp holds 500,000 shares with $14.87M value, down from 638,416 last quarter. Macys Inc now has $12.26 billion valuation. The stock increased 0.70% or $0.28 during the last trading session, reaching $40.03. About 6.82M shares traded. Macy's, Inc. (NYSE:M) has risen 46.10% since June 12, 2017 and is uptrending. It has outperformed by 33.53% the S&P500. Some Historical M News: ; 10/05/2018 – ♫ Reuters Insider – U.S. Morning Call: Oil set for biggest weekly rise in a month; Apple scraps $1 bln Irish data centre; 16/05/2018 – MACY’S INC M.N SEES FY 2018 ADJUSTED SHR $3.75 TO $3.95 EXCLUDING ITEMS; 16/05/2018 – MACY’S INC – E-COMMERCE TEAM IN SAN FRANCISCO WILL MANAGE ONGOING CHINA BUSINESS WITH OPERATIONAL SUPPORT FROM FUNG OMNI IN SHANGHAI; 17/05/2018 – J.C. Penney blames long winter for poor sales, cuts forecast; 16/05/2018 – Macy’s Sees FY18 Adj EPS $3.75-Adj EPS $3.95; 16/05/2018 – U.S. markets closed higher on Wednesday with Macy’s reporting strong quarterly earnings, boosting the retail sector; 16/05/2018 – Macy’s Shows Signs of Life After Prolonged Slump; 23/05/2018 – Macy’s Names Paula Price as CFO to Replace Retiring Karen Hoguet; 12/04/2018 – Moody’s Affirms Fifteen Classes of MSBAM 2013-C10; 14/05/2018 – Shine Bright This Summer With Macy’s

Intact Investment Management Inc increased Canadian Nat Res Ltd (CNQ) stake by 26.19% reported in 2018Q1 SEC filing. Intact Investment Management Inc acquired 277,200 shares as Canadian Nat Res Ltd (CNQ)’s stock rose 5.69%. The Intact Investment Management Inc holds 1.34 million shares with $54.08M value, up from 1.06M last quarter. Canadian Nat Res Ltd now has $40.54B valuation. The stock decreased 0.78% or $0.26 during the last trading session, reaching $33.04. About 3.49M shares traded or 8.89% up from the average. Canadian Natural Resources Limited (NYSE:CNQ) has risen 15.19% since June 12, 2017 and is uptrending. It has outperformed by 2.62% the S&P500. Some Historical CNQ News: ; 08/05/2018 – Shell to Sell Canadian Natural Resources Stake (Correct); 03/05/2018 – Canadian Natural Resources to limit output during oil transport crunch; 03/05/2018 – Canadian Natural’s Annual 2018 Capital Expenditures Are Targeted to Be Approximately C$4.3 Billion; 03/05/2018 – Canadian Natural 1Q Adj EPS C$0.71; 14/03/2018 – CANADIAN NATURAL RESOURCES REPORTS NORMAL COURSE ISSUER BID; 12/04/2018 – CANADIAN NATURAL RESOURCES LTD CNQ.TO : WELLS FARGO RAISES TARGET PRICE TO C$44 FROM C$43; 03/05/2018 – CANADIAN NATURAL RESOURCES STARTS FIRST-QUARTER CONFERENCE CALL; 07/05/2018 – Canadian Natural Resources Limited Reports Voting Results at Annual General Meeting; 16/05/2018 – CANADIAN NATURAL ANNOUNCES NORMAL COURSE ISSUER BID; 03/05/2018 – Canadian Natural 1Q Net C$583M

Intact Investment Management Inc decreased Verizon Communications Inc (NYSE:VZ) stake by 69,200 shares to 167,700 valued at $8.02M in 2018Q1. It also reduced Celestica Inc (NYSE:CLS) stake by 661,300 shares and now owns 73,900 shares. New York Cmnty Bancorp Inc (NYSE:NYCB) was reduced too.

More news for Canadian Natural Resources Limited (NYSE:CNQ) were recently published by: Globenewswire.com, which released: “Recent Analysis Shows ChannelAdvisor, Brookline, Canadian Natural Resources, Suncor Energy, Gerdau SA, and …” on June 08, 2018. Fool.ca‘s article titled: “Top 4 Canadian Energy Stock Picks From a Portfolio Strategist” and published on June 11, 2018 is yet another important article.

Among 15 analysts covering Canadian Natural Resources Limited (NYSE:CNQ), 11 have Buy rating, 0 Sell and 4 Hold. Therefore 73% are positive. Canadian Natural Resources Limited had 34 analyst reports since July 21, 2015 according to SRatingsIntel. Morgan Stanley maintained it with “Overweight” rating and $58 target in Wednesday, January 24 report. The stock of Canadian Natural Resources Limited (NYSE:CNQ) has “Overweight” rating given on Wednesday, July 19 by Morgan Stanley. Citigroup maintained the stock with “Neutral” rating in Monday, September 14 report. The firm has “Outperform” rating given on Friday, August 5 by Macquarie Research. The company was maintained on Tuesday, December 15 by JP Morgan. Morgan Stanley maintained the stock with “Overweight” rating in Friday, October 13 report. The stock of Canadian Natural Resources Limited (NYSE:CNQ) has “Buy” rating given on Thursday, June 16 by RBC Capital Markets. The firm has “Neutral” rating by Citigroup given on Friday, July 21. Scotia Capital maintained Canadian Natural Resources Limited (NYSE:CNQ) rating on Friday, August 7. Scotia Capital has “Sector Outperform” rating and $21 target. The rating was maintained by RBC Capital Markets on Friday, March 10 with “Top Pick”.

Restructuring Capital Associates Lp increased Blackrock Float Rate Ome Str (FRA) stake by 85,000 shares to 597,621 valued at $8.68 million in 2018Q1. It also upped Nuveen Cr Strategies Incm Fd (JQC) stake by 500,000 shares and now owns 3.19M shares. Invesco Sr Income Tr (VVR) was raised too.

More recent Macy's, Inc. (NYSE:M) news were published by: Fool.com which released: “Macy’s Stock Hits $40: Now Comes the Hard Part” on June 12, 2018. Also Seekingalpha.com published the news titled: “Tanger Factory Outlet Centers: A Dividend Aristocrat On Sale” on June 12, 2018. Nasdaq.com‘s news article titled: “2 Retail Stock Plays to Mix and Match” with publication date: June 11, 2018 was also an interesting one.

Analysts await Macy's, Inc. (NYSE:M) to report earnings on August, 9. They expect $0.47 earnings per share, down 2.08% or $0.01 from last year’s $0.48 per share. M’s profit will be $143.99 million for 21.29 P/E if the $0.47 EPS becomes a reality. After $0.48 actual earnings per share reported by Macy's, Inc. for the previous quarter, Wall Street now forecasts -2.08% negative EPS growth.

Among 32 analysts covering Macy’s Inc. (NYSE:M), 7 have Buy rating, 3 Sell and 22 Hold. Therefore 22% are positive. Macy’s Inc. had 114 analyst reports since July 24, 2015 according to SRatingsIntel. The stock has “Neutral” rating by JP Morgan on Thursday, January 21. The rating was downgraded by Northcoast on Thursday, May 12 to “Neutral”. On Monday, January 11 the stock rating was downgraded by Goldman Sachs to “Neutral”. On Friday, October 9 the stock rating was maintained by Deutsche Bank with “Buy”. As per Wednesday, June 7, the company rating was maintained by Telsey Advisory Group. Citigroup maintained the shares of M in report on Friday, August 12 with “Neutral” rating. The firm has “Underweight” rating by Atlantic Securities given on Friday, July 24. The rating was maintained by Jefferies with “Hold” on Monday, July 10. Morgan Stanley maintained Macy's, Inc. (NYSE:M) rating on Monday, November 13. Morgan Stanley has “Equal-Weight” rating and $20 target. The rating was maintained by RBC Capital Markets with “Hold” on Friday, October 20.

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